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- A + A NEW YORK (May 18): Global equity markets rallied and Treasury yields rose on Tuesday, as solid U.S. retail sales in April suggested economic growth might strengthen, as did an easing of China's lockdowns to contain the COVID-19 pandemic. U.S. retail sales rose 0.9% last month while data for March was revised higher to show sales advancing 1.4% instead of 0.7% as previously reported, the Commerce Department said. The data show U.S. consumers weathering inflationary headwinds as sales gained for the fourth consecutive month, said Jeffrey Roach, chief economist for LPL Financial. Sales are nominal, so much of the increase is from higher prices, he said. "We expect a rebound in economic growth in Q2," Roach said in an email, if prices moderate enough to relieve some of the pressure on consumers. U.S. and European stocks rallied following gains overnight in Asia. MSCI's gauge of stocks across the globe closed up 2.0%. The pan-European STOXX 600 index rose … [Read more...] about Shares rebound, Treasury yields rise on stronger data

- A + A NEW YORK/BENGALURU (May 17): US stocks rose on Tuesday, as Citigroup led a surge in bank shares after Berkshire Hathaway revealed a big stake and strong retail sales in April eased some concerns about slowing economic growth. Ten of the 11 major S&P sectors advanced, with financials and technology up 2% each. Microsoft Corp, Apple Inc, Tesla Inc and Nvidia Corp gained between 1.5% and 4.8%, providing the biggest boost to the S&P 500 and the Nasdaq. Banks jumped 3.1%, with Citigroup climbing 7.9%, after Warren Buffett's Berkshire Hathaway disclosed a nearly US$3 billion investment in the US lender. "If you have exhausted sellers, there's no one else left to sell ... the market has really been pummeled," said Mimi Duff, senior client advisor at investment advisory firm GenTrust. "So at the very sight of any good news you can get a bounce, but what we are really looking for is some consolidation." US retail sales increased 0.9% in April, as … [Read more...] about Wall St climbs on gains in banks, strong retail sales data

By Sheriff Jim Wilson, Shooting Illustrated Image Caption: Ruger ’s PC Carbine is just one of the many options available for those who choose the PCC lifestyle. Accepting Glock magazines and with a variety of options for attaching accessories, the PC Carbine makes a lot of sense for defense. Students of firearm history know the concept of pistol-caliber carbines is not a new one. They really first became a hot item back in 1873, when Winchester introduced the Model 1873 carbine and rifle. Coincidentally, that is the same year Colt unveiled the Single Action Army revolver. In short order, Winchester offered the Model 73 in .44-40 WCF, .38-40 WCF and .32-20 WCF chamberings. Colt responded by chambering its big revolver in the same calibers. Surprisingly, in those days the Winchester was not chambered in .45 Colt; that only occurred in more modern times. Marlin and other companies soon got on the bandwagon, too, offering carbines that were compatible with Colt, Smith & … [Read more...] about How Pistol Caliber Carbines Can Fit In Your Defensive Plan

The bottom fell out from one of crypto’s fastest growing blockchains, LUNA, which promised to succeed where bitcoin failed. Its predictable collapse reverberated across the entire crypto market and is forcing investors to pick up the pieces. C rypto’s history has been defined by five resets. The first came in 2014 when what was basically the only bitcoin exchange in the world, Mt. Gox, imploded following a nearly half-billion-dollar hack. The second, in 2016, was The DAO hack, when an attacker tricked a smart contract into giving away $60 million worth of ethereum, worth $8 billion today. The third, in January 2018, occurred when the ICO bubble popped, starting a year-long decline wiping out 60% of the crypto market or more than $700 million mostly in the form of worthless junk tokens. The fourth took place in March 2020 when crypto lost 40% of its value along with most other global financial markets. Each reset not only led to price-market capitalization increases, they … [Read more...] about Crypto’s Great Reset: How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown

HCL Tech CHRO Apparao VV HCL Technologies, which has about 1,700 employees in troubled Sri Lanka, has set up a team to monitor the situation as the island nation grapples with food and fuel shortages amid record inflation and an economic crisis. While there has been no work disruption so far, it is preparing for all scenarios, with backup plans ready to move work and people to India. Apart from Sri Lanka, Costa Rica, and Poland, HCL Tech is stepping up hiring in smaller Indian cities such as Madurai, Lucknow, and Nagpur as it looks toward fresher pools of talent amid booming demand for software services and rising attrition. In an interview with Moneycontrol , VV Apparao, chief human resource officer of HCL Tech, explains the company’s efforts in augmenting the talent supply chain and steps it is taking to counter the challenges of hiring and attrition. Edited excerpts: In Q4, HCL Tech reported attrition on the last 12-month basis jumped to 21.9 percent from 19.8 … [Read more...] about HCL Tech monitoring crisis in Sri Lanka daily, sees no work disruption: CHRO Apparao

Malaysia: * NSE crash: Trailer driver charged with causing death of five students * Johor MMEA detains 20 foreigners for trespassing and illegal fishing * Infectious disease tracker on MySejahtera now includes tuberculosis cases * Flight health protocols must be consistent, simpler to aid aviation recovery, says Dr Wee * Malaysia, Thailand to set up joint committee to discuss KL-Bangkok HSR project, says Dr Wee * Tajuddin appointed as ambassador to Indonesia * Covid-19: Paxlovid to be available at private hospitals, clinics, teaching hospitals, says KJ * Tengku Zafrul: Talk of global recession premature, unwarranted Singapore: * Seven SEA transport ministers pledge to urgently restore regional air travel * Work on Changi Airport Terminal 5 to restart, completion around mid-2030s * Singapore records highest ever temperature for May * Ex-Ngee Ann Poly lecturer charged with making racist remarks against mixed-race couple * S'pore, African Union to recognise … [Read more...] about Asean News Headlines as at 10pm on Tuesday (May 17)